Former Chunghwa Post Head Wei Chien-hung to Take Helm at Taiwan Navigation

(CNA, Taipei, May 20, by reporter Chiang Ming-yen) Taiwan Navigation (TNC) Chairman Liu Wen-ching announced that he has received a notice from the Ministry of Transportation and Communications, and an interim board meeting will be held at a later date after the 2026 annual shareholders' meeting to elect Wei Chien-hung as the new chairman. Wei previously served as the chairman of Chunghwa Post Co., Ltd. TNC announced today that the effective date of the appointment is June 12. TNC explained that Wei Chien-hung is a director at China Airlines and an emeritus professor at National Cheng Kung University. He has a long teaching history in the Department of Transportation & Communication Management Science at NCKU and previously served as chairman of Chunghwa Post, possessing rich academic knowledge and corporate governance experience. Liu Wen-ching pointed out that during his 9.5-year tenure, he actively promoted the renewal of the bulk carrier fleet, achieving excellent results. The company's current fleet consists of 23 vessels with an average age of 5.7 years, and the new fleet has significantly enhanced overall operational competitiveness. He added that securing the operating rights for the Penghu Ferry not only replaced the aging Tai-Hwa Ferry, which had long been a burden on the company, but also greatly boosted tourism development in the Penghu region. Furthermore, an investment in Yang Ming Marine Transport has also generated considerable income for TNC. Liu humbly stated that he was able to deliver impressive operational results during his term, with good profits annually and an average earnings per share (EPS) of NT$3.65 for the period from 2021 to 2025. During his tenure, Liu implemented multiple salary increases for employees in response to the government's pay raise policy for military personnel, civil servants, and teachers, and to account for rising living costs due to inflation. He also increased marriage and childbirth subsidies to encourage family formation and planned overseas travel and welfare activities for staff. Liu stated that the youthful fleet and diversified operational methods he established during his time will lay a solid foundation for the new chairman. He expressed his hope that the new chairman will lead TNC to continued development and profitability. (Editor: Lin Chia-hsien) 1150520